Over a Barrel
by Raymond J. LearsyLongtime commodities trader Raymond J.
Learsy lifts the veil of the Mideast oil cartel, showing how OPEC manipulates the oil markets and destabilizes the world's economy.
With refreshing candor and an insider's perspective, Learsy explains how OPEC: twist.
I already stated my opinion as a reply to Dr Heinberg's criticism of the book. However I summarize my reply into a comment.
I read for two reasons: entertainment and education. If a book failsat achieving one of the two, then I consider it a waste of time.
Learsy starts with the assumption that OPEC is responsible for high gas prices. That would be true, except for two facts: 1)OPEC currently only produces about 42% of the world's oil, and 2)commodity market prices are set by the HIGHEST-COST profitable producers (certainly not OPEC) - and they are probably within the U.
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